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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

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Catch-up contribution to HSA

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email

Q: I opened an HSA account in 2005. I turned 55 in August of 2006. Am I eligible to make catch up contributions? Can I make them each year through 2009? Am I eligible to make the full $700 catch-up contribution in 2006?

A: Yes, assuming that you had a qualifying health insurance in force for the full year of 2006, then you can make an additional contribution in the full amount of $700. If you are married and your spouse is over 55 and your spouse is also covered by the insurance, then an additional $700 is allowed as a spousal catch-up. The amount increases each your to $1000 in 2009 and then remains the same until the year that you become eligible for Medicare.


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